Page 29 Advertisements Column 10

Press, Volume CIX, Issue 32166, 9 December 1969, Page 29

AUCTIONS FINAL REMINO LAND AUCTION 6 ACRES 2 ROODS 28.4 PERCHES ADDERLEY TERRACE KAIAPOI ON ACCOUNT OF MR A. E. WILLIAMS Today at 2.15 p.m. In Our Landsales Room, 187-189 CASHEL STREET, CHRISTCHURCH. NATIONAL MORTGAGE and AGENCY COMPANY OF N.Z LIMITED, M.R.E.I.N.Z. 6293 CLEARING SALE ON ACCOUNT OF | MRG. C. SYME MASSEY ROAD, HIGHBANK TOMORROW I WEDNESDAY, DECEMBER 10, 1969, AT 130 P.M. Refer "The Press," 6th December for detailed list of particulars. DALGETY and N.Z. LOAN, LTD. ASHBURTON. 6295 PROPERTIES FOR SALE NO DEPOSIT NO DEPOSIT CHRISTCHURCH NORTH Lovely new 3 bedroom brick home ready for occupation by a nice family with 3 children. Small deposit required for smaller family. Freehold section. Bus passes door. All schools handy. S.A.C. approved.

PHONE 40-753, 555-661. BOHNENN REAL ESTATE 6484 $9500 PAPANUI $9500 HANDY situation just of Papanui Road, in quiet street we offer this neat bungalow of 2 bedrooms and sunroom, lounge and dining room on a lovely 41 perch garden section. Generous fruit trees and shrubs. You must inspect this one in handily priced bracket. Ring: SHERRIS AND WILSON LTD. M.R.E.1.N.Z., Phone 50-039; a.h. 557-494 6475 ST ALBANS, 108 EDWARD AVE $6OOO Solidly built 3 bedroom bungalow in good order. Sitting room, kitchenette, bathroom, laundry. Garage and shed. Excellent section of 40 perches, well laid out In lawns, flower and vegetable gardens. Small quantity of furniture and floor coverings go in the price. G.V. $5750. RATES $85.46. Further inquiries from — GEORGE ANDERSON snd SON, LTD, M.R.E.I.N.Z. Phono 64-205. 6US Advice for home builders by Brett Tiler, MerrittBeazley Homes. Dear Sir, I am 28 years old, married for three years and have recently bought a farm. My family live in an old farm - bouse on the property, but we will require new accommodation within 18 months. As much of my capital will be tied up with farm improvement, would you advise me if I could finance a home.

Young Farmer, Ladbrooks. I am sorry I can’t give you a straight answer because many factors have to be considered. For instance, your farm may be mortgaged, or on the other hand, freehold. You haven't disclosed information such as the type of farm you own, its acreage or its holding capability to mention only a few other considerations. However, most farmers experience little trouble in raising finance for home building. Because of the considerations mentioned above and others which may be relative to your own circumstances.: I suggest that you call for a personal discussion. Dear Mr Tiler. I have a section valued at $2500 on which I have paid $lBOO, leaving a balance of $7OO. taking into account interest repayments. We have one child a year old and almost no capital to speak of. How much could we obtain by capitalising the Family Benefit, and would this be sufficient added to a State Advance loan to buy a home? n , Sam, Belfast. Yes, you can purchase a home by capitalising the Family Benefit. You will qualify for a payment of $947 and this, combined with a State Advances loan of $6500$ will give you a total of s7447—sufficient to build and pay the balance owing on vour section. You can work this out for yourself by subtracting the amount of $7OO outstanding on your section from the total of $7447 shown above. This is how, in your circumstances, you would finance a home costing $6747. You would be able to sedect from a number of plans with the amount of finance you have available. Repayments could be as low as $6.64 per week. (■■■■■■■■■SHOMMMl UTDL PHONE 67-274 ANY TIME, 134 VICTORIA STREET. 6289